The SBS updated the maximum coverage amount of the Deposit Insurance Fund to S/122,420 for the period March 2024 – May 2024, reducing the amount of the previous quarter by S/1,390 (it was S/123,810 for the period December 2023 – February 2024). As a consequence, the savings accounts, time deposits and CTS accounts that people […]
Tag: Deposit Insurance Fund
Which banks or savings banks pay higher interest rates for saving your money in December?
In the midst of an economic recession and the occurrence of the El Niño phenomenon, workers in the private regime will receive the payment of their second bonus until Friday, December 15, according to Law No. 37775. This extra money is often used to solve the year-end expenses, but personal finance experts recommend saving a […]
Deposit Insurance Fund low: how much is the new savings protection in financial institutions?
The Superintendency of Banking, Insurance and AFP (SBS) has announced the update of the Deposit Insurance Fund (FSD), an entity in charge of protecting the savings that depositors keep in companies of the national financial system, such as banks, financial institutions and savings banks. Thus, the new amount has been reduced by S/389, and from […]
Deposit Insurance Fund: financial system savings protected up to S/123,920
The Superintendency of Banking, Insurance and AFP updated the maximum amount of coverage of the Deposit Insurance Fund (FSD) until August 2023. Mechanism allows savers to recover their money in case of bankruptcy of the financial institution. When is the 2023 bonus paid in Peru and how to calculate the amount? Price of the dollar […]
If the bank or savings bank goes bankrupt, up to what amount can I recover my savings?
Have you ever wondered what happens if the bank to which you have entrusted your savings declare bankruptcy? It is necessary to know that there is a Deposit Insurance Fund (FSD), which is a financial backing in case the entity is declared in a state of dissolution and liquidation. Can you get all your deposited […]
Term deposits give rates of 9.25% to capture bonuses
The municipal savings banks expect to capture around S/21,000 million in fixed-term deposits this 2022, according to the projection of the Peruvian Federation of Municipal Savings and Credit Banks (Fepcmac). Considering that more than 4 million workers will receive their gratuities and taking into account the current social and economic context, the fixed-term deposit becomes […]
SBS raised the Deposit Insurance Fund: why is its update important?
The Superintendence of Banking, Insurance and AFPs (SBS) recently raised the maximum coverage of the Deposit Insurance Fund (FSD) to S/ 116,284, this amount will apply for the March-May quarter of this year. It is worth emphasizing that the FSD rose by S/ 647 compared to the previous quarter, when it stood at S/ 115,637. […]
SBS: Deposit Insurance Fund increased to S / 155,637
The SBS updated the maximum amount of coverage of the Deposit Insurance Fund (FSD) to S / 115,637 for the period from December 2021 to February 2022, increasing the amount from the previous quarter by S / 2,784 (the amount was S / 112,853 for the period from September to November 2021). In this way, […]